Hi all,
as a company, can we deduct tds on courier services if single bill exceed 20000/- under 194C.
Sunil Kumar Shrivas (Job) (232 Points)
08 September 2010Hi all,
as a company, can we deduct tds on courier services if single bill exceed 20000/- under 194C.
CA Shraddha Bankar
(CA)
(175 Points)
Replied 08 September 2010
Hi,
As a company u can deduct TDS u/s 194C on courier services but if the courier company has given a no TDS Deduction Certificate than u cannot deduct.
Suvendu Laha
(CA SERVICE AT TULSYAN GROUP OF INDUSTRIES)
(106 Points)
Replied 08 September 2010
No. w.e.f 1st July'10 threshold limit for single payment under section -194C has been extended to Rs. 30000
CA Babit Khurana
(learning is my passion)
(338 Points)
Replied 08 September 2010
You have to deduct tds on courier @ 2% , if single bill > Rs 2000 and gross payment rs 50000 upto june 2010 after that a single payment >30000 and gross payment in excess of Rs 75000 form july01,2010.
Parth Dewangan
(Job)
(87 Points)
Replied 08 September 2010
No,
TDS on contractor u/s 194c is deductible only in case a single payment exceeds Rs. 30000 or the aggregate payments in the year exceeds Rs. 75000.
Nimish Jain
(Internal Auditor/CA final student)
(240 Points)
Replied 08 September 2010
TDS is applicable only if the single bill exceeds Rs. 30000 or aggregate for the whole year is Rs. 75000 or above
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